Lots of people talking Wild Turkey and the like, but I've always been partial to Bulleit for cheap bourbon/rye. I never like regular Wild Turkey and the high-proof stuff also doesn't taste quite right either.
I want to say the people who own the Bulleit brand had some product placement in a movie, so the whiskey types started to shy away from it. Whiskey snobs are just like craft beer snobs, they pay attention to who owns what and what they do with the brand.
Which is entirely appropriate. Whiskey has a knack for quality degrading at a stupid fast pace.